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Crane Company collected the following production data for the past quarter: Units Total Month Produced Cost March 5000 $190000 April 4000 170000 May 3400
Crane Company collected the following production data for the past quarter: Units Total Month Produced Cost March 5000 $190000 April 4000 170000 May 3400 142000 If Crane uses the high-low method to project costs for the next quarter, what total cost equation will the company use? Total cost $0+$100/unit x Quantity = Total cost $74000+ $20/unit > Quantity Total cost $57000+ $25/unit x Quantity == O Total cost = $40000+ $30/unit x Quantity
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